Introduction Digital Information Products
Of All of the ways of monetizing Articles that is blog, my Strategy is Such as studying design templates and materials to make and sell products. I have found that it is extraordinarily rewarding than running advertisements from networks like AdSense, and products convert at a significantly greater rate than an affiliate product that someone else created. The service I use to ease this is Payhip, and this article I’ll be sharing what I like and dislike about the ceremony based in my Payhip expertise as a seller for two + years. Digital Information Products
My Payhip Experience
If you’ve ever wanted to market digital products Through your own site, you are going to want a way to facilitate trades — some sort of infrastructure that will allow a client to select your product, cover it, and also have it immediately delivered to them with whole hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that gives users with the easiest tools and options for hosting and selling products directly to their customers online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
What are the advantages of using Payhip?
Each online Platform differs, and I’ve used a few of them previously.
Having A stage that is so simple to use and one that does not require a massive amount of my time that is precious is of utmost significance.
Payhip will Save you a great deal of time because everything is taken care of on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip include –
- EU VAT is cared for, which can be a big plus in my book.
- Affordable. The site takes zero fees asides From 5% per transaction when you sell a item.
- Accessibility to analytics reports.
- Access to marketing tools. You have the option to make Coupons and social discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to merchandise sharing programs . Plus you can embed Buy and your merchandise Now buttons on blog or your own site.
- The ability to set mailing lists so that your clients can Subscribe and stay up to date with your products, and more.
- Instant digital merchandise shipping via email link for customers.
What I Like About Payhip
Let’s get to the details. After my two + year Payhip expertise, here’s what I love about the ceremony…
Upgrades Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card using Stripe, plus they do not pay out monthly/weekly/quarterly or make you wait around for them to clean some sort of holding period. When a customer makes a purchase, the cash is instantly available on your accounts, and if you have the PayPal and also Stripe programs installed on your mobile device, you are going to get notifications each time a sale occurs. Digital Information Products
I happen to appreciate this. The excitement of Seeing a sale that is brand new never gets older. In addition, it is great to wake up in the morning, reach to your telephone, and also see that you made X amount of dollars while you’re sleeping, and it’s all easily available for you to spend. The caveat to this can be Stripe. If your clients card using Stripe, there’ll be a three day hold before the money is available. This is Stripe however — Payhip doesn’t hold your cash at all.
No Monthly Charges
Among the things that Payhip originally sold me on is that there is no Monthly fees or setup charges — just a simple flat charge of 5 percent per purchase .
This was appealing to me in 2016 Because, at the time, my readership was 1/10th of what it is now, and that I wasn’t positive I was going to consistently sell enough product to justify paying a monthly fee for a similar service like Gumroad. As a relatively new blogger having a little audience, Payhip was the no-risk solution that best fit my situation.
Easy To Understand Analytics
Payhip’s back end offers an page That enables you to view transactions and earnings amounts relative to the day, month, week, year, or some other specified selection. Best of all, it’s a report that is really straightforward and to-the-point.
If you have ever used Google Analytics or Facebook analytics, the number of data you’re immediately smacked in the face with can be somewhat overwhelming, and lots of it’s largely useless too. Payhip just provides you what you’re there to view — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is By creating coupon codes, promotions to conduct.
The codes may be for any percentage you’d Like and for any (or all) products. They can run for whatever length you want (or even indefinitely,) along with the code itself can even be customized to whatever string of text you desire.
I’ve found this to be somewhat useful. Occasionally I’ll run a weekend marketing, place it on Facebook boost the article targeting a pixel re-marketing audience and I never fail to go ROI positive by it. People truly do respond well to limited time offers. Digital Information Products
Your Own Affiliate Program
Payhip Provides you the ability Readers register as an affiliate of your shop, and whenever someone buys a product using their customized affiliate link, you can grant them a commission of whatever percentage you’d like.
This is useful because it allows Men and Women To market your merchandise the commissions paid will be worthwhile, and if they have a stage and an audience of their own that they can tap into.
Easy Integration with Email Marketing
If you are into email advertising, you will be Able to readily incorporate Payhip with your email marketing supplier that is preferred so that a sale is made, the email address of the purchaser can be added to a listing.
This is small but I think it’s Pretty cool so I wish to give it a mention — if you desire, you’ll have Payhip stamp the buyer’s email address into the upper left corner of each page of a PDF document they’ve purchased.
So if someone intends to Purchase Your PDF Book make it available for free somewhere else, they’ll need to be okay with their email address being available. I believe that’s a creative means of deterring pirating.
Upload Most Sorts of Files
Payhip isn’t Only a market for ebooks — You can upload just about any kind of digital file. Font files, video/audio files, photographs, software, etc..
Total Simplicity and Modern Design
One thing that can not be overlooked whenever You’re selling something is your website looks. Individuals generally don’t trust myself included. If a website looks like it has not been updated because the web 2.0 days, I begin to wonder if maybe I am in an abandoned construction and placing my payment information to it’d pretty much be like throwing my money into a black hole.
That is not true with Payhip though. The Site has a design. This is exactly what you would expect a checkout page by a business In the event that you should purchase a merchandise on the world wide web. Digital Information Products
Another thing I like about Payhip is its own In general simplicity. From the very second a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and just the crucial information (like price.) They do nothing to interfere with your purchase — no.
Eventually, what I enjoy about Payhip is That customer payment information isn’t stored by them, meaning your clients’ payment details are safe. The payment is totally handled through Stripe or PayPal, and I prefer it that way as they’re successful companies with lots of cash.
What I Dislike About Payhip
As much as I like Payhip, it’s far from perfect. Here are some things that I dislike about the ceremony and would like to see improved…
No Mobile App
1 thing that bugs me about Payhip is that They do not possess a program. It would be convenient to have the ability to open an app while I’m out and around, and take a look through my sales data. You can log into the site and do this, but the website is optimized for mobile devices.
I like Payhip, but that is a very Bad appearance in 2018. There is no reason you should not have a site optimized for cellular, and once you’ve got that, you should be able to easily turn the site itself into it’s own app so users do not need to manually sign in each time they want to check sales data. Let users of Payhip experience a platform when they’re on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would really like to see an Extra ability to suggest Other products similar to what the customer is going to buy. If they are purchasing a bundle of templates for $5, I could provide a package of business card templates or suggest some other similar product that may interest them that they didn’t know about. This is something that websites like VistaPrint and Amazon do well.
I can not help but feel like there’s a lot of money Table — for both myself and Payhip — without this operation. This may enhance the Payhip experience for both the client and the vendor.
Set On A Fixed Timezone
This one is frivolous, but I Like to see it corrected.
Considering that Payhip is located in London, they’ve BST was place to by the timezone for the entire website. Since I’m found in the EST, I will occasionally check my analytics at 7PM or later and see that I made 0 sales for the day since Payhip believes it’s midnight and its data reflects that.
This is largely a non-issue, but I Would like to observe that the ability to correct the site. Digital Information Products
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature but it’s not perfect just yet.
As it stands, the only advertising You’re able to run via a coupon code. I’d love to have the ability to offer a dollar amount off the price, or the ability to set a sale price.
Right Now, if I Need to put a merchandise On sale for $10, I must break out the calculator and manually do the math to determine what percentage off will render the final cost at $10. I believe that is unnecessary and could be improved.
When creating A brand new product in Payhip, you have access to innovative options including —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Upload a sample or preview pages.
- Insert a limitation number to the number of copies of your product or market could be sold.
- Create a license key that is exceptional for each of your product/eBook revenue.
How much does this cost?
Payhip will Cost you nothing or host your products. The site takes only 5% commission per trade fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2years as a seller on Payhip, would you recommend it? Overall, yes. I am a client, but whether you should use it depends on your own situation.
If you are a new blogger with a small audience And you can not justify spending $10+ per month to get something such as Gumroad, then yes, I would recommend Payhip. In case you have a massive audience or sell a high-ticket merchandise and know you’ll do at least $1,000 in sales each month, you might want to check into something most cost-efficient.
As of this date of the writing, Payhip works On a flat fee of 5% of each sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be selling less than $1,000 a month in total volume, the mathematics should (in most cases) prefer Payhip. But if you’re selling into the thousands, you are probably going to want to go with Gumroad or look into some alternative. That is largely dependent on the number of transactions it requires to reach those sales numbers though, so be certain that you crunch the numbers for yourself.
Personally, I absolutely love the Payhip Expertise and am thankful for their solutions. I would like to see them continue to grow and succeed. Digital Information Products